{"id":10969,"date":"2020-11-11T10:18:56","date_gmt":"2020-11-11T02:18:56","guid":{"rendered":"https:\/\/battery9999.com\/en\/?p=10969"},"modified":"2020-11-11T10:18:56","modified_gmt":"2020-11-11T02:18:56","slug":"tesla-is-worth-more-but-toyota-gets-carmaking-akio-toyoda-says","status":"publish","type":"post","link":"https:\/\/battery9999.com\/en\/tesla-is-worth-more-but-toyota-gets-carmaking-akio-toyoda-says\/","title":{"rendered":"Tesla Is Worth More, But Toyota Gets Carmaking, Akio Toyoda Says"},"content":{"rendered":"

2020\u5e7411\u67086\u65e5<\/p>\n

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Toyota Motor Corp.<\/a>\u00a0might be losing to\u00a0Tesla Inc.<\/a>\u00a0in terms of market value, but don\u2019t underestimate the fact that the Japanese manufacturer has built more than 100 million cars, President Akio Toyoda said in unusually direct comments at a competitor.<\/p>\n

\u00a0\u201cTesla says that their recipe will be the standard in the future, but what Toyota has is a real kitchen and a real chef,\u201d Toyoda, 64, said during an online briefing on Friday after more than doubling the company\u2019s operating profit\u00a0forecast<\/a>\u00a0for the current fiscal year.<\/div>\n
<\/div>\n
Tesla\u00a0overtook Toyota<\/a>\u00a0as the world\u2019s most valuable automaker in July, thanks to investor enthusiasm for next-generation electric vehicles. Indeed, Tesla is now worth more than Toyota and Japan\u2019s six other major car manufacturers combined, Toyoda pointed out. That\u2019s despite the fact that Tesla sold about 367,500 vehicles, or 3.4% of Toyota\u2019s output of 10.74 million units, last year.<\/div>\n

\u201cWe are losing when it comes to the share price,\u201d the grandson of Toyota\u2019s founder said. \u201cBut when it comes to products, we have a full menu that will be chosen by customers.\u201d<\/p>\n

Read more: Toyota More Than Doubles Profit Forecast as Auto Demand Recovers<\/a><\/p>\n

Toyota, the world\u2019s second-largest automaker by sales volume, has built its brand over decades by offering affordable and reliable vehicles backed by large-scale manufacturing. Toyoda said he sees Toyota\u2019s \u201cpicky customers\u201d sticking with the manufacturer\u2019s cars.<\/p>\n

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\"Toyota<\/div>\n<\/div>
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Elon Musk and Akio Toyoda in 2010.<\/p>\n<\/div>\n

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Photographer: Kiyoshi Ota\/Bloomberg<\/p>\n<\/div>\n<\/figcaption><\/figure>\n

At the same time, Toyoda said that his company has many areas where it can learn from its rival, such as Tesla\u2019s ability to generate profits from battery-based electric vehicles, software updates and renewable energy products.<\/p>\n

Toyota has lagged behind the rest of the auto industry when it comes to selling all-electric vehicles, and stuck to its strategy of building out older and more affordable hybrid technology until battery costs come down.<\/p>\n

Toyota is setting its sights on ramping up battery-based EV volume; Nikkei Asia reported in January that Toyota is\u00a0aiming to<\/span>\u00a0sell 500,000 electric vehicles annually in 2025, citing unidentified sources. Elon Musk, Tesla\u2019s chief executive officer, has predicted that his company should be selling \u201ca few million cars a year\u201d globally around the same time.\u00a0Volkswagen AG<\/a>\u00a0aims to produce\u00a01 million electric cars<\/a>\u00a0by the end of 2023.<\/p>\n

\u201cThey aren\u2019t really making something that\u2019s real, people are just buying the recipe,\u201d Toyoda said of Tesla, expanding on the cooking analogy. \u201cWe have the kitchen and chef, and we make real food.\u201d<\/p>\n

Source:Tesla Is Worth More, But Toyota Gets Carmaking, Akio Toyoda Says<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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